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Corporations go overseas to avoid U.S. taxes
On Wednesday, the Trump administration announced a portion of its tax plan, including a cut in the corporate tax rate from 35 percent to a 15 percent. The plan aims to bring revenue back into the country from U.S. companies…
How firms avoid U.S. tax codes through pass-through businesses
The importance of pass-through business entities has soared in the past three decades. Over the same period, the amount of pass-through business income flowing to the top 1 percent of income earners has increased sharply, according to a new paper…
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News Wrap: Congress Leaves Unfinished Business at Start of Summer Recess
In other news Friday, Congress began its five-week recess in disagreement. While the House voted to extend all Bush-era tax cuts, the Senate voted to end tax cuts for additional income above $250,000. Also, the U.N. General Assembly criticized the…
